FSMD vs. TXS ETF Comparison

Comparison of Fidelity Small-Mid Factor ETF (FSMD) to Texas Capital Texas Equity Index ETF (TXS)

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$42.93

Average Daily Volume

84,920

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$34.00

Average Daily Volume

2,545

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	TXS
30 Days	1.75%	7.55%
60 Days	4.55%	9.41%
90 Days	7.47%	13.21%
12 Months	31.39%	40.22%

52 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in TXS	Overlap
ACA	A	0.15%	0.07%	0.07%
ACM	B	0.31%	0.78%	0.31%
ADUS	D	0.12%	0.62%	0.12%
AMN	F	0.05%	0.03%	0.03%
AROC	A	0.17%	0.05%	0.05%
ASO	F	0.13%	0.95%	0.13%
AZZ	A	0.11%	0.05%	0.05%
BRY	F	0.07%	0.04%	0.04%
CECO	C	0.07%	0.05%	0.05%
CHRD	F	0.2%	0.12%	0.12%
CMA	B	0.24%	0.3%	0.24%
CMC	B	0.19%	0.05%	0.05%
COOP	B	0.19%	0.2%	0.19%
CPT	C	0.28%	0.81%	0.28%
CRBG	B	0.2%	0.31%	0.2%
CRUS	F	0.15%	0.03%	0.03%
CSV	B	0.1%	0.07%	0.07%
CSWI	A	0.18%	0.06%	0.06%
DINO	D	0.18%	0.05%	0.05%
EGY	F	0.08%	0.04%	0.04%
EXP	B	0.25%	0.06%	0.06%
FIX	A	0.34%	0.63%	0.34%
FLS	A	0.2%	0.06%	0.06%
GL	C	0.23%	0.31%	0.23%
GPI	B	0.17%	1.58%	0.17%
IBOC	B	0.15%	0.12%	0.12%
IESC	A	0.16%	0.2%	0.16%
ITGR	B	0.17%	0.05%	0.05%
LII	A	0.37%	0.13%	0.13%
MGY	A	0.18%	0.07%	0.07%
MTCH	F	0.2%	0.06%	0.06%
NRG	B	0.41%	0.31%	0.31%
NTRA	A	0.35%	0.11%	0.11%
NXST	C	0.17%	0.05%	0.05%
POWL	C	0.18%	0.08%	0.08%
PRIM	A	0.16%	0.16%	0.16%
QTWO	B	0.21%	0.06%	0.06%
RUSHA	B	0.13%	1.23%	0.13%
SBH	B	0.11%	0.4%	0.11%
SCI	A	0.28%	1.85%	0.28%
SKWD	A	0.13%	0.06%	0.06%
STRL	A	0.2%	0.22%	0.2%
THC	C	0.34%	4.2%	0.34%
TPL	A	0.57%	1.96%	0.57%
UPBD	C	0.09%	0.05%	0.05%
USLM	A	0.14%	0.08%	0.08%
USPH	C	0.1%	0.39%	0.1%
VCTR	B	0.14%	0.09%	0.09%
WFRD	F	0.18%	0.09%	0.09%
WING	D	0.22%	1.64%	0.22%
WLK	F	0.12%	0.04%	0.04%
WSR	A	0.09%	0.05%	0.05%

FSMD Overweight 526 Positions Relative to TXS

Symbol	Grade	Weight
EME	A	0.46%
LYV	A	0.42%
IBKR	A	0.42%
UTHR	C	0.38%
NTNX	B	0.38%
SNA	B	0.37%
MANH	D	0.36%
GWRE	A	0.35%
RPM	B	0.35%
PNR	B	0.34%
NWSA	B	0.33%
DUOL	A	0.33%
SFM	A	0.33%
EWBC	A	0.33%
TOL	B	0.33%
WSO	A	0.33%
CASY	A	0.32%
OC	A	0.32%
EQH	B	0.32%
TW	A	0.32%
RGA	B	0.31%
L	A	0.31%
CW	B	0.31%
GGG	B	0.3%
INCY	C	0.3%
RNR	C	0.3%
PSTG	F	0.3%
SF	B	0.29%
ROL	B	0.29%
TXRH	B	0.29%
FTI	A	0.29%
UNM	A	0.29%
DOCS	C	0.28%
TPR	B	0.28%
NDSN	D	0.28%
EXEL	B	0.28%
ELS	B	0.28%
DTM	A	0.28%
SW	A	0.28%
NBIX	C	0.27%
TTEK	F	0.27%
UHS	D	0.27%
ATR	B	0.27%
EVR	B	0.27%
REG	A	0.27%
CLH	C	0.27%
JLL	D	0.27%
CACI	C	0.27%
JNPR	D	0.27%
LECO	C	0.26%
PRI	A	0.26%
PCVX	D	0.26%
LAMR	D	0.26%
BSY	D	0.26%
BXP	D	0.26%
ALLE	D	0.26%
WBS	A	0.26%
BWXT	A	0.26%
OWL	A	0.26%
AMH	C	0.26%
CIEN	B	0.26%
FHN	A	0.26%
NVT	C	0.26%
AIZ	A	0.26%
ITT	A	0.26%
CHRW	B	0.26%
AAON	B	0.25%
ALSN	B	0.25%
AIT	B	0.25%
HLI	B	0.25%
SOLV	F	0.25%
EHC	B	0.25%
WAL	B	0.25%
MLI	B	0.25%
DOX	D	0.25%
DKS	D	0.25%
BJ	B	0.25%
TAP	B	0.25%
OGE	A	0.24%
WWD	B	0.24%
NYT	D	0.24%
BLD	F	0.24%
OHI	B	0.24%
INGR	B	0.24%
BRBR	A	0.24%
AYI	B	0.24%
KNSL	B	0.24%
CUBE	C	0.24%
GMED	A	0.24%
HLNE	A	0.23%
PLNT	A	0.23%
MORN	B	0.23%
AFG	A	0.23%
ZION	B	0.23%
ORI	A	0.23%
CNX	A	0.23%
SRPT	F	0.23%
SNV	B	0.23%
MASI	B	0.23%
TPX	B	0.23%
MUSA	B	0.23%
FN	B	0.23%
ERIE	F	0.23%
JXN	C	0.22%
ADMA	C	0.22%
RGLD	C	0.22%
ENSG	D	0.22%
SNX	D	0.22%
BRX	A	0.22%
SEIC	B	0.22%
DVA	C	0.22%
RL	C	0.22%
VOYA	B	0.22%
CBSH	A	0.22%
ALLY	C	0.22%
WH	B	0.22%
CHDN	C	0.22%
WTFC	B	0.22%
HALO	F	0.21%
CORT	C	0.21%
CR	A	0.21%
GPK	D	0.21%
MEDP	D	0.21%
HSIC	C	0.21%
EXLS	B	0.21%
EWTX	C	0.21%
ONTO	F	0.21%
TFX	F	0.21%
GKOS	A	0.21%
AXTA	B	0.21%
RBC	A	0.21%
HRB	D	0.21%
FRT	B	0.21%
MTSI	B	0.21%
CHE	F	0.21%
DCI	B	0.21%
ELAN	D	0.2%
RHI	C	0.2%
MMSI	A	0.2%
SKX	F	0.2%
TMHC	B	0.2%
CPB	D	0.2%
SAIC	F	0.2%
ESAB	C	0.2%
REXR	F	0.2%
RLI	A	0.2%
HRL	D	0.2%
CVLT	B	0.2%
ADC	A	0.2%
BWA	D	0.2%
RDNT	B	0.2%
G	B	0.2%
R	B	0.19%
MHK	D	0.19%
WMS	F	0.19%
AXS	A	0.19%
ANF	C	0.19%
BMI	C	0.19%
ACIW	B	0.19%
ALV	C	0.19%
ACI	C	0.19%
KD	A	0.19%
TTC	F	0.19%
PRCT	B	0.19%
AOS	F	0.19%
RGEN	F	0.19%
BERY	D	0.19%
UFPI	C	0.19%
ACLX	C	0.19%
DBX	C	0.19%
NNN	C	0.19%
WMG	C	0.18%
SUM	B	0.18%
OSK	C	0.18%
OLED	F	0.18%
ESTC	C	0.18%
TREX	D	0.18%
IDCC	B	0.18%
VNT	C	0.18%
HIMS	C	0.18%
CBT	C	0.18%
SN	D	0.18%
FR	C	0.18%
SIGI	B	0.18%
PIPR	B	0.18%
MTG	D	0.18%
VMI	B	0.18%
AWI	B	0.18%
SSD	D	0.18%
ALTR	B	0.18%
BPOP	C	0.18%
GNTX	F	0.18%
UMBF	B	0.18%
NFG	A	0.18%
THG	A	0.18%
OMF	A	0.18%
MTN	C	0.18%
TDS	B	0.18%
KTB	A	0.17%
MATX	B	0.17%
FTDR	B	0.17%
DORM	B	0.17%
SLM	B	0.17%
ESNT	D	0.17%
LRN	A	0.17%
FCN	F	0.17%
LSTR	D	0.17%
AMG	C	0.17%
PI	D	0.17%
BPMC	C	0.17%
QLYS	C	0.17%
MTH	D	0.17%
BFAM	F	0.17%
HII	F	0.17%
MOG.A	B	0.17%
KNF	B	0.17%
STAG	D	0.17%
BYD	B	0.17%
ESI	B	0.17%
CEIX	A	0.17%
NOVT	D	0.17%
EPRT	A	0.17%
SPSC	F	0.17%
CROX	F	0.16%
POST	C	0.16%
TGNA	B	0.16%
ABG	B	0.16%
CNO	B	0.16%
VVV	D	0.16%
ZETA	D	0.16%
ZD	B	0.16%
HAE	C	0.16%
AGX	B	0.16%
PEGA	B	0.16%
ALE	A	0.16%
CUZ	B	0.16%
APPF	C	0.16%
AX	B	0.16%
ASB	B	0.16%
PBH	A	0.16%
COKE	C	0.16%
BGC	C	0.16%
SKYW	B	0.16%
OLLI	D	0.16%
OZK	B	0.16%
MSA	D	0.16%
BKH	A	0.16%
LNTH	F	0.16%
BCPC	B	0.16%
KBH	D	0.16%
ZWS	B	0.16%
ROAD	A	0.16%
ARW	F	0.16%
CNM	C	0.16%
GEO	A	0.16%
VRNS	D	0.16%
LOPE	B	0.16%
UGI	C	0.16%
ALKS	C	0.16%
PLXS	B	0.16%
MIR	A	0.15%
SEM	B	0.15%
FULT	B	0.15%
NWE	C	0.15%
KRC	C	0.15%
MMS	D	0.15%
CVCO	A	0.15%
AGCO	F	0.15%
CRVL	A	0.15%
VIRT	A	0.15%
FHI	B	0.15%
KRYS	C	0.15%
ASGN	F	0.15%
KAI	B	0.15%
CALM	A	0.15%
AXNX	A	0.15%
DXC	D	0.15%
GHC	B	0.15%
EEFT	C	0.15%
DY	C	0.15%
TNL	B	0.15%
TENB	D	0.15%
CPRX	C	0.15%
BRKR	F	0.15%
WTS	B	0.15%
PSN	C	0.15%
PJT	B	0.15%
BCC	C	0.15%
SANM	B	0.15%
AVT	C	0.15%
SR	A	0.15%
CTRE	C	0.15%
CRNX	C	0.15%
CATY	B	0.15%
BTU	C	0.15%
RDN	D	0.15%
FBP	B	0.14%
SLVM	C	0.14%
PRGS	B	0.14%
NHI	D	0.14%
APAM	B	0.14%
SUPN	B	0.14%
VCEL	A	0.14%
YELP	C	0.14%
MWA	B	0.14%
ESGR	B	0.14%
CXW	B	0.14%
ENVA	B	0.14%
WDFC	B	0.14%
DLB	F	0.14%
MHO	D	0.14%
ATGE	B	0.14%
SLGN	A	0.14%
CHH	A	0.14%
IBP	F	0.14%
EXPO	D	0.14%
IDT	B	0.14%
SON	F	0.14%
SMLR	B	0.14%
FSS	B	0.14%
CIVI	D	0.14%
WKC	D	0.13%
SXT	C	0.13%
LGND	C	0.13%
PLMR	A	0.13%
HOG	F	0.13%
HCC	B	0.13%
NMIH	D	0.13%
CBZ	B	0.13%
OTTR	C	0.13%
BNL	D	0.13%
MSM	D	0.13%
FUL	F	0.13%
ARCH	B	0.13%
SHOO	D	0.13%
NEU	D	0.13%
WEN	C	0.13%
TKR	F	0.13%
PHIN	B	0.13%
CASH	B	0.13%
DEI	B	0.13%
LMAT	A	0.13%
NSIT	F	0.13%
AN	D	0.13%
LANC	D	0.13%
AVA	C	0.13%
HIW	D	0.13%
UE	A	0.13%
FLO	D	0.13%
KFY	B	0.13%
GPOR	A	0.13%
GTES	A	0.13%
BFH	B	0.13%
SNEX	B	0.13%
AGR	A	0.13%
TPH	D	0.13%
GNW	A	0.13%
FELE	B	0.13%
IOSP	C	0.12%
ASH	F	0.12%
AEO	F	0.12%
TPB	A	0.12%
FORM	F	0.12%
OSIS	A	0.12%
CTS	C	0.12%
ICFI	F	0.12%
LBRT	F	0.12%
PAHC	B	0.12%
NSA	C	0.12%
AMPH	F	0.12%
PAG	B	0.12%
OGN	F	0.12%
ENS	D	0.12%
USM	B	0.12%
PPC	B	0.12%
CHCO	B	0.12%
PBF	D	0.12%
PLUS	F	0.12%
BRC	C	0.12%
AMRX	C	0.12%
PATK	D	0.12%
HMN	B	0.12%
QCRH	B	0.12%
AMED	F	0.12%
BCO	F	0.12%
EPAC	B	0.12%
UFPT	C	0.12%
WSBC	B	0.12%
VSTO	A	0.12%
MCY	B	0.12%
COLM	B	0.12%
WU	F	0.12%
PINC	B	0.12%
HCKT	B	0.11%
UVSP	B	0.11%
PLAB	D	0.11%
AMAL	B	0.11%
LZB	B	0.11%
CPF	B	0.11%
HNI	B	0.11%
NHC	B	0.11%
AMKR	F	0.11%
APOG	B	0.11%
GIII	D	0.11%
GOLF	B	0.11%
VRRM	F	0.11%
PFBC	B	0.11%
HCI	C	0.11%
WABC	B	0.11%
LTC	B	0.11%
EQC	A	0.11%
TWST	F	0.11%
BKE	B	0.11%
SHO	D	0.11%
CTBI	B	0.11%
EIG	B	0.11%
HWKN	B	0.11%
STRA	C	0.11%
CXT	C	0.11%
UNF	B	0.11%
SPOK	B	0.11%
OFG	B	0.11%
ALRM	C	0.11%
HUBG	A	0.11%
ADTN	A	0.11%
BHE	B	0.11%
MGRC	B	0.11%
PLTK	B	0.11%
MCB	B	0.11%
MTX	C	0.11%
ATEN	A	0.11%
GNE	F	0.1%
DDS	B	0.1%
ASTH	F	0.1%
TPC	C	0.1%
CUBI	C	0.1%
UTI	A	0.1%
KURA	F	0.1%
DEA	D	0.1%
INSW	F	0.1%
SCSC	B	0.1%
UVE	A	0.1%
ACT	D	0.1%
ROCK	D	0.1%
THFF	B	0.1%
SPNT	A	0.1%
LEVI	F	0.1%
MDU	D	0.1%
AAT	A	0.1%
URBN	C	0.1%
PDM	D	0.1%
SRCE	B	0.1%
HSTM	A	0.1%
WINA	B	0.1%
SXC	A	0.1%
AMR	C	0.1%
IBCP	B	0.1%
MSBI	B	0.1%
STNG	D	0.1%
REX	D	0.1%
UTL	C	0.1%
MCRI	A	0.1%
CRAI	B	0.1%
PRDO	B	0.1%
SIRI	D	0.1%
PEBO	B	0.1%
INVA	C	0.1%
XHR	B	0.1%
ZYXI	D	0.09%
CNXN	D	0.09%
UTMD	F	0.09%
MLR	C	0.09%
PGRE	D	0.09%
CWCO	C	0.09%
INFA	D	0.09%
KLG	D	0.09%
CFB	C	0.09%
SMP	C	0.09%
FF	F	0.09%
FIZZ	C	0.09%
HSII	B	0.09%
REYN	D	0.09%
SCHL	F	0.09%
ANIP	D	0.09%
OLP	A	0.09%
BBSI	B	0.09%
CASS	B	0.09%
ALX	D	0.08%
NVEC	D	0.08%
LPG	F	0.08%
VECO	F	0.08%
AMCX	C	0.08%
OSUR	F	0.08%
IMKTA	C	0.08%
TNC	F	0.08%
ETD	D	0.08%
SCS	B	0.08%
STAA	F	0.08%
COLL	F	0.08%
VNDA	C	0.08%
SSTK	F	0.08%
SCVL	F	0.08%
HCSG	C	0.08%
VSH	F	0.08%
ANDE	F	0.08%
CNXC	F	0.07%
SIGA	F	0.07%
NSSC	F	0.07%
METC	C	0.07%
EBF	D	0.07%
JBSS	F	0.07%
NPK	C	0.07%
KRT	B	0.07%
RMR	F	0.07%
HE	C	0.07%
SLP	F	0.07%
KFRC	D	0.07%
TRNS	F	0.07%
IMMR	F	0.06%
GIC	F	0.06%
MRVI	F	0.06%
ASC	D	0.06%
PANL	F	0.06%
KELYA	F	0.05%
CLW	F	0.04%
JBI	F	0.04%

FSMD Underweight 145 Positions Relative to TXS

Symbol	Grade	Weight
TSLA	A	-5.5%
CRWD	B	-4.06%
SCHW	A	-4.06%
DLR	A	-4.02%
MCK	A	-3.82%
WM	B	-3.35%
XOM	B	-3.28%
CCI	C	-2.93%
GME	C	-2.92%
CBRE	B	-2.56%
LNG	A	-2.46%
ORCL	A	-2.37%
COP	B	-1.95%
KMI	A	-1.89%
SYY	D	-1.88%
DHI	D	-1.86%
PWR	A	-1.84%
TRGP	A	-1.43%
TYL	B	-1.31%
T	A	-1.31%
INVH	D	-1.23%
EOG	A	-1.14%
TXN	C	-1.13%
CAT	C	-1.09%
J	D	-0.96%
SLB	C	-0.92%
EAT	A	-0.91%
VST	A	-0.84%
PLAY	D	-0.71%
LUV	B	-0.69%
BKR	B	-0.61%
OXY	F	-0.51%
FLR	B	-0.48%
FANG	D	-0.47%
KBR	F	-0.42%
CPRT	B	-0.41%
HAL	C	-0.39%
ATO	A	-0.39%
CNP	A	-0.35%
AAL	B	-0.33%
PSX	C	-0.32%
KMB	C	-0.28%
CFR	B	-0.27%
CTRA	B	-0.27%
HHH	B	-0.27%
KEX	B	-0.26%
VLO	C	-0.26%
PB	A	-0.24%
MRO	A	-0.23%
DELL	B	-0.21%
TPG	A	-0.19%
HPE	B	-0.16%
PR	B	-0.14%
FFIN	B	-0.14%
AGL	F	-0.14%
NSP	F	-0.14%
XPEL	C	-0.14%
BLDR	D	-0.13%
GRBK	D	-0.12%
RRC	B	-0.12%
APA	F	-0.12%
OMCL	C	-0.11%
LUNR	B	-0.1%
MTDR	C	-0.1%
LGIH	F	-0.09%
GSHD	B	-0.09%
KNTK	A	-0.09%
AAOI	A	-0.09%
DNOW	B	-0.08%
NTST	D	-0.08%
STC	B	-0.07%
RICK	C	-0.07%
EE	A	-0.07%
MUR	F	-0.07%
TFIN	B	-0.07%
NXRT	A	-0.07%
ANET	C	-0.07%
FYBR	C	-0.07%
IBTX	B	-0.07%
DAR	B	-0.06%
BMBL	C	-0.06%
OIS	C	-0.06%
SABR	B	-0.06%
PX	A	-0.06%
FFWM	C	-0.06%
MRC	B	-0.06%
WTTR	A	-0.06%
GLDD	B	-0.06%
TH	C	-0.06%
CRGY	A	-0.06%
PRO	C	-0.06%
TTI	B	-0.06%
CRK	A	-0.06%
SAVA	C	-0.06%
XPRO	F	-0.06%
UEC	A	-0.06%
DXPE	B	-0.06%
YETI	D	-0.05%
INN	D	-0.05%
HTH	B	-0.05%
PTEN	C	-0.05%
TALO	C	-0.05%
ATI	C	-0.05%
GDOT	D	-0.05%
BIGC	C	-0.05%
THR	B	-0.05%
HLX	C	-0.05%
GRNT	B	-0.05%
PUMP	D	-0.05%
SWI	B	-0.05%
HESM	A	-0.05%
CHX	C	-0.05%
VTOL	B	-0.05%
EZPW	A	-0.05%
SBSI	B	-0.05%
CNK	A	-0.05%
TASK	C	-0.05%
ALG	C	-0.05%
CE	F	-0.05%
NX	C	-0.05%
WHD	B	-0.05%
OII	B	-0.05%
ALKT	B	-0.05%
VBTX	B	-0.05%
TRN	A	-0.05%
APLD	A	-0.05%
THRY	F	-0.04%
DIOD	F	-0.04%
CVI	D	-0.04%
TSHA	D	-0.04%
TDW	F	-0.04%
CSTL	C	-0.04%
VITL	D	-0.04%
HUN	F	-0.04%
SLAB	F	-0.04%
PARR	F	-0.04%
FOR	F	-0.04%
NR	C	-0.04%
NOV	D	-0.04%
AESI	B	-0.04%
LXRX	F	-0.03%
ETWO	F	-0.03%
SVRA	F	-0.03%
APPS	F	-0.02%
NOVA	F	-0.01%